Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism May 1, 2024 By Zoltan Simon and Marton Eder German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi...
People Moves: SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay; Consilium Appoints Moore From Aon for Delegated Risk Solutions Team April 30, 2024 This edition of International People Moves details appointments at SCOR Business Solutions and the re/insurance broker Consilium. A summary of...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Ardonagh to Acquire Italian Commercial Lines Business Mansutti S.r.l April 30, 2024 The Ardonagh Group, the London-based insurance distribution platform, announced it has agreed to acquire Mansutti S.r.l, the commercial lines business...
Tornado in Southern China Kills 5 People, Damages Factories in City of Guangzhou April 30, 2024 A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory...
UK’s Second Biggest Mortgage Lender Pulls Offers Over Flood Risk April 30, 2024 By Jessica Shankleman The UK’s second biggest mortgage provider has stopped making loans on homes at risk of flooding, over fears they may...
London Firms Are Letting More Staff Work Entirely From Home April 30, 2024 By Irina Anghel London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to...
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea April 30, 2024 By Jon Gambrell Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea...
Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More April 30, 2024 By Peter Frontini and Marta Nogueira Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable April 30, 2024 A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart...